Weekly Channel Summary
The Crypto ETF Channel (excluding Multicoin products) currently consists of 66 ETFs from 20 unique issuers, representing a total Assets Under Management (AUM) of $118.36B. For the 5-day period ending May 1, 2026, the channel experienced net outflows of -$617M. Despite this short-term pressure, longer-term capital accumulation remains decisively positive, with YTD net inflows of +$1.23B and impressive 1-Year flows totaling +$33.51B.
This Week’s Performance Leaders and Laggards
Bitcoin acted as the primary performance leader this week, posting a resilient WTD return of +0.77%, though it remains in negative territory for the year at -7.48% YTD. In contrast, Altcoin products dragged the channel down as the primary laggard, dropping -1.24% for the week and pushing their YTD decline to a steep -24.93%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Bitcoin | +0.77% | +13.13% | -4.18% | -22.74% | -7.48% | -16.97% |
| Ethereum | -0.93% | +7.27% | -13.28% | -37.92% | -20.91% | +23.71% |
| Altcoin | -1.24% | +3.05% | -20.00% | -49.86% | -24.93% | -49.37% |
Top & Bottom 5 ETFs by Weekly Performance
At the individual fund level, DOJE (REX-Osprey DOGE ETF) led the entire complex with a surging +11.01% gain. Conversely, the deepest pullbacks were concentrated in specialized altcoin and strategy funds, with STLR (Volatility Shares Stellar ETF) and AETH (Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF) ranking as the worst performers, tumbling -7.31% and -4.07% respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| DOJE | REX-Osprey DOGE ETF | +11.01% |
| BWOW | Bitwise Dogecoin ETF | +10.85% |
| TDOG | 21Shares Dogecoin ETF | +10.84% |
| GDOG | Grayscale Dogecoin Trust ETF | +10.80% |
| HODL | VanEck Bitcoin ETF | +1.01% |
| Bottom Performers | ||
| STLR | Volatility Shares Stellar ETF | -7.31% |
| AETH | Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF | -4.07% |
| HBR | Canary HBAR ETF | -3.53% |
| TDOT | 21shares Polkadot ETF Shares of Beneficial Interest | -3.34% |
| XRPI | Volatility Shares Trust XRP ETF | -3.30% |
Analyzing the Weekly Flows
Overall, the tracked categories saw net redemptions of -$617M this week. Despite the broader weakness, the Altcoin category successfully bucked the trend, standing as the sole segment to gather positive inflows at +$16M (against $2.54B in AUM). On the opposite end of the spectrum, Bitcoin saw the heaviest redemptions, shedding -$473M over the trailing 5 days, followed closely by Ethereum.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Altcoin | 34 | $2.54B | +$16M | +$139M | +$366M | +$504M | +$3,851M |
| Ethereum | 13 | $13.33B | -$160M | +$355M | -$320M | -$468M | +$9,506M |
| Bitcoin | 19 | $102.49B | -$473M | +$1,918M | +$2,275M | +$1,196M | +$20,152M |
Top & Bottom 5 ETFs by 5-Day Flow
Drilling down into the individual wrappers, ETHB (iShares Staked Ethereum Trust ETF) successfully attracted the most capital, reeling in +$71M in fresh assets. The heaviest net outflows were concentrated in the category giants, led by FBTC (Fidelity Wise Origin Bitcoin Fund) and IBIT (iShares Bitcoin Trust ETF), which shed -$167M and -$125M in redemptions, respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| ETHB | iShares Staked Ethereum Trust ETF | +$71M |
| MSBT | Morgan Stanley Bitcoin Trust ETF | +$22M |
| FSOL | Fidelity Solana Fund | +$8M |
| ETH | Grayscale Ethereum Staking Mini ETF | +$5M |
| VAVX | Vaneck Avalanche Etf | +$4M |
| Outflows | ||
| FBTC | Fidelity Wise Origin Bitcoin Fund | -$167M |
| IBIT | iShares Bitcoin Trust ETF | -$125M |
| ETHA | iShares Ethereum Trust ETF | -$122M |
| FETH | Fidelity Ethereum Fund ETF | -$101M |
| GBTC | Grayscale Bitcoin Trust ETF | -$74M |
Issuer League Table Update
The digital asset space remains heavily concentrated among top legacy asset managers, with iShares dominating at 58.36% market share, followed by Grayscale at 16.57%. This week, however, Morgan Stanley emerged as the surprise flow leader, gathering +$22M into its lineup. Meanwhile, the broader market contraction forced industry heavyweights to bear the brunt of the selling, with Fidelity suffering the steepest absolute outflows at -$260M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 3 | $69.61B | 58.36% |
| Grayscale | 10 | $19.76B | 16.57% |
| Fidelity | 3 | $15.52B | 13.01% |
| Bitwise | 10 | $4.85B | 4.06% |
| 21 Shares | 9 | $3.03B | 2.54% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Morgan Stanley | +$22M |
| Canary | +$2M |
| Hashdex | $0M |
| Outflows | |
| Fidelity | -$260M |
| iShares | -$177M |
| Grayscale | -$78M |
For a deeper dive into these trends, access our FREE, in-depth Crypto ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
